Comment on Regulators Seize 2 Banks; 94 Failures This Year

Regulators Seize 2 Banks; 94 Failures This Year

NEW YORK — Regulators shut down two banking units of Irwin Financial Corp. Friday, marking the 93rd and 94th failures this year of federally insured banks. The Federal Deposit Insurance Corp. was appointed receiver of Louisville, Ky.-based Irwin Union Bank FSB and Columbus, Ind.-based Irwin Union Bank and Trust Co. As of Aug.

 

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